Dara Calleary
Ceist:302. Deputy Dara Calleary asked the Minister for Finance when the Strategic Banking Corporation of Ireland will commence providing funding for lending; and if he will make a statement on the matter. [41432/14]
Amharc ar fhreagraTuesday, 4 November 2014
Ceisteanna (302)
Freagraí scríofa
The Strategic Banking Corporation of Ireland (SBCI) has been established by the Government as a means of ensuring that SMEs in Ireland are provided with sufficient finance for growth. Loan agreements with the international funders, KfW and the European Investment Bank, have been signed.
The SBCI is working with its first lending partners to provide initial funding to the SME sector by the end of 2014. A full roll-out will occur during January 2015 with traditional bank lenders and importantly new credit providers from beyond the traditional bank sector being involved. All of this will allow for the distribution of SBCI funding to the SME sector in Ireland on a prudent basis.